We are going to be looking at just two signals from this Bitcoin CME Futures (BTC1!) chart, these are telling us that Bitcoin (BTCUSD) will jump and move above $8500... Let's take a look!
1) First, we the "V" bottom. As this pattern completes, a bullish breakout can lead to $8500+
2) Second, we have the now famous GAP, which can be filled on the bounce.
We also have MA200 sitting at $9105... Prices can easily re-test this resistance level... Wait for a new update on the BTCUSD pair on the daily timeframe for more.
Previous analysis Change Of Direction? Bitcoin Aims At $6720 / $8260 Next
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🅱️ Will The Bitcoin CME Futures Gap Fill After The Drop?